kenneth duremdes is the only player still receiving the then maximum salary of P500,000. his contract will expire this year or next year. the maximum salary for players right now is P350,000 per month.

Obviously, a team will only report their "legal" salaries to the league office.

However, this practice in the long run will definitely hurt the team, especially if the financial burden of paying these salaries will increase.

The reason why professional sports leagues (not just basketball) impose salary cap rules is two-fold -- first, for the protection of the teams and to ensure their commercial viability for a long time and second, to ensure parity among the teams so everyone will have an equal chance of signing the best players available without resorted to an escalated bidding war.